(a) DGFT entrusted with the responsibility of implementing various policies regarding trade for example, Foreign Trade Policy.(b) DGFT is the licensing authority for exporters, importers, and export and import business.(c) DGFT can prohibit, restrict and regulate exports and imports(d) DGFT acts as market regulator controlling foreign company stocks

3. What is Rupee depreciation?

(a) Rupee depreciation means that rupee has become less valu­able with respect to dolllar(b) Rupee depreciation means dollar has become less valuable than rupee(c) Rupee depreciation means a situation when value of rupee is same as euro(d) Rupee depreciation happens when the combined value of dollar and euro is more than rupee

4. Directorate General of Foreign Trade (DGFT) notified that the Commerce Ministry on on 11 January 2012 lowered the minimum export price of onions by $100 a tonne to $150 a tonne.What was the purpose

(a) To enhance import(b) To boost export(c) To lower prices in the domestic market(d) To facilitate crop clearance

5. Indirect tax does not include _

(a) Customs(b) Central Excise (c) Sales Tax(d) Service Tax

6. Telecom Commission, the decision-making body of the Department of Telecommunications recommended a uniform licence fee of what per cent of adjusted gross revenues (AGR) as against the prevalent rate of 6-8 per cent?

(a) 10%(b) 8%(c) 5.2%(d) 9.3%

7. What is the current repo rate (as on January 2012) fixed by the RBI?

9. A committee on mutual funds, constituted by SEBI in december 2011 recommended to the regulator’s board to break down the bifurcation within the fee structure known as expense ratio. Which of the following facts are not true with regard to the above statement?

A. Currently mutual funds are allowed to charge up to 2.25% as expense ratio. fund houses are allowed to accept only 1.25% as asset management chargesB. Funds with large corpuses currently charge 1.55% as expenses chargesC. SEBI was suggested to keep overall scheme expenses unchanged at 2.25% for schemes with assets under management not exceeding Rs 400 croreD. Expense ratio is more than important in debt schemes where the rate of return is not hig.

(a) 1 & 2(b) 3 & 4(c) 1 & 3(d) Only 2(e) None of the above

10. The Centre for Development of Telematics (C-DoT) on 5 December 2011 transferred indigenously-developed Gigabit Passive Optical Network (GPON) technology to seven telecom equipment manufacturers. Which of the following facts about the technology is not true?

A. The GPON technology is a pivotal component required for broadband connectivity over optical fibre.B. C-DOT indigenously designed and developed GPON technology, which can be used to provide triple play (voice, video and data) through fibre-based networksC. The GPON technology was tested, validated, field-evaluated and made operational in MTNL's/VSNL’s network in Ajmer (Rajasthan)D. The technology will help fulfil requirements of major national programmes like the National Optical Fibre Network and the State Wide Area Network

(a) Only 2(b) Only 3(c) Only 4(d) 1 & 2

11. By Public Sector we mean

(a) Government ownership on commerce and trade(b) Capitalist ownership on commerce and trade(c) Private ownership on trade(d) None of these

(a) A receipt sent by the recipient (b) A separate document from another program sent along with an E-mail message (c) A malicious parasite that feeds off your messages and destroys the contents (d) A list of CC or BCC recipients (e) None of these

(a) A receipt sent by the recipient (b) A separate document from another program sent along with an E-mail message (c) A malicious parasite that feeds off your messages and destroys the contents (d) A list of CC or BCC recipients (e) None of these